LOI Terms & Timelines?

[Mallikarjun Reddy Pateel]

Hello Investors, 

I'm currently working as GP in my First deal(MFH 10+). Identified Couple of Properties, seeking Guidance in terms of submitting LOI.

1. if I'm being GP do we put Business entity as Buyer?

2. what's the typical closing timeline you guys use?

3. how does DD timeline looks like? (2-3 weeks?)

4. any tips to submit an LOI that Looks attractive to seller?

Appreciate any comments on this matter!!  Happy Labor day !!